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Visa price target raised to $380 from $370 at BMO Capital

BMO Capital raised the firm’s price target on Visa (V) to $380 from $370 and keeps an Outperform rating on the shares. The company’s Q2 earnings beat saw broadly stable trends across key drivers of its payment network, and importantly, April trends have not shown incremental weakness despite deteriorating consumer and business confidence, the analyst tells investors in a research note.

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